He runs his personal finances the same way he would run the country’s
New Democratic Party leader Tom Mulcair and his wife have repeatedly refinanced their home west of Montreal, gradually increasing the debt on the property over a series of 11 mortgages, land records show.
Mulcair’s office will not explain why the couple have loaded more and more financing onto the West Island home they’ve lived in since the early 1980s, saying only that it’s a “private matter.”
It is unclear why Mulcair would need to refinance the modest two-garage home in Beaconsfield so many times, bumping the value of the mortgage from $58,000 to $300,000.
Before he became leader, Mulcair enjoyed a successful and well-paid career as a government lawyer and, later, a cabinet minister in the Quebec National Assembly. His wife, Catherine Pinhas, is a psychologist practicing in Montreal. Both their children are now adults with jobs — one is a police officer, the other an engineer.
Mulcair was hit with a judgment from a defamation case in 2005 after he accused former Parti Québécois minister Yves Duhaime of influence peddling. He was ordered to pay Duhaime $95,000, plus legal costs.
He left provincial politics in 2007 and ran for the NDP in a byelection later that year. Even then, he stood to collect on a pension from his years as an MNA. When he was elected that fall, he began earning an MP’s salary that was then set at $150,800.
But in January 2009, he and Pinhas financed the home for the 11th time. They took out a $300,000 mortgage with the Royal Bank of Canada and then paid off the previous $249,000 mortgage from three years earlier.
Then again, he is scraping by on about $225,000 a year so who can blame him.
Of course the other problem with this story is that is a four car garage on his house. Umm, so much for being lectured by Thomas Mulcair on the environment. It’s a do as I say, not as I do kind of thing I guess. Maybe he has to re-mortgage so often to put gas in his cars.